Key tax deadlines and dates for the new tax year
Childcare Voucher Schemes to close for new entrants from October 2018
Making Tax Digital for VAT from April 2019
Autumn Budget 2017
Making Tax Digital (MTD)
Since 2015, HMRC have been introducing proposals for changes to the way in which information from businesses and property income is submitted to HMRC by way of a Digital Tax Account.
The introduction of the Digital Tax Accounts for taxpayers means that you can see the information that HMRC holds from employers, banks, building societies and other government departments and you are able to check them to ensure that the details are correct and complete.
Spring Budget 2017
Personal – Income Tax
- Confirmed that the tax-free personal allowance will rise to £11,500 in April 2017
- Threshold at which people pay 40% income tax will rise from its current level of £43,000 to £45,000 in April 2017.
- The government has already announced that Class 2 NICs will be abolished from 6 April 2018, but will rise to £148.20 from April 2017 and will continue to be collected via Self-Assessment.